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both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised, red lobster, olive garden, timely for both, and i will deliver. that is ahead. ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide h
both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised, red lobster, olive garden, timely for both, and i will deliver. that is...
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it's not just after this election. it goes back a good number of years, and it's not about some ideological i'm more conservative than you. it really is trying to figure out and marshal together those core principles that revolve around the economic realities that this country has to face. >> what's the fight about? >> the fight is about who gets to articulate it, who gets to decide and make -- >> just personnel? >> it's not so much personnel as it is personality. >> wait a minute. let's step back. i want to bring in joy. looking at it from across the aisle, i know you're more progressive, to put it lightly. here is the story. you have demint out there running a candidate against mitch mcconnell to his right, almost beating him last time around, trying to move the party to the right. selecting candidates like sharron angle and some of the whackier ones like christine o'donnell. all around the country always trying to get several notches to the right of what we have. bob bennett, not right wing enough, john mccain not r
it's not just after this election. it goes back a good number of years, and it's not about some ideological i'm more conservative than you. it really is trying to figure out and marshal together those core principles that revolve around the economic realities that this country has to face. >> what's the fight about? >> the fight is about who gets to articulate it, who gets to decide and make -- >> just personnel? >> it's not so much personnel as it is personality....
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his election to the charleston city council the first time since republican was elected to any office in south carolina since reconstruction. so is he not new to firsts based on that little bit of history. but you did mention barack obama, you did mention that he's the first african-american president to be re-elected and some talk about tim scott and the president of the idea of being post-racial. are we there? >> certainly not. the idea that we're breathless of the appointment of a black american appointed. also the gubernatorial position which is the other statewide position. look, we elect presidents from a very narrow categories of people. senators, governors, and vice presidents. until we have a substantial number of people as governors, senators, and vice presidents, we're not really looking at a time when our presidency will be dramatically different. >> and until we don't have to talk about this. >> right. >> don't forget to catch melissa perry as she hosts melissa harris-perry. >>> tragedy strikes the hospital. an employee connected to the prank calls by australian djs. we e
his election to the charleston city council the first time since republican was elected to any office in south carolina since reconstruction. so is he not new to firsts based on that little bit of history. but you did mention barack obama, you did mention that he's the first african-american president to be re-elected and some talk about tim scott and the president of the idea of being post-racial. are we there? >> certainly not. the idea that we're breathless of the appointment of a...
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there will be an election in 2014 for the seat. although they are political opposites the senate minority leader says demint is genuine. >> even though i disagree with so much of what he has done, i appreciate that i personally believe he does this out of a sense of real belief. it's not political posturing for him. i wish him well. other conservative voices on the senate. he will will take over as president of the heritage foundation next april, shep? >> shepard: pretty penny for that one. mike emanuel on the hill. thanks. taxpayers may end up tore forebailout. housing secretary says the federal housing administration is facing a deficit of $16 billion. fha insures all mortgages in the country. more and more homeowners are defaulting on those loans. the agency has planned to announce fees next year. the housing secretary says that probably won't be enough. taxpayers have already spent more than $135 billion. bailing out fannie mae and freddie mac. mortgage companies the government controls. by the way, the feds have now or now hav
there will be an election in 2014 for the seat. although they are political opposites the senate minority leader says demint is genuine. >> even though i disagree with so much of what he has done, i appreciate that i personally believe he does this out of a sense of real belief. it's not political posturing for him. i wish him well. other conservative voices on the senate. he will will take over as president of the heritage foundation next april, shep? >> shepard: pretty penny for...
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he is on the election side. so he is going to make sure that impure republicans are not getting through primaries, which are going to keep pushing them that much further to the right. i don't think he got any weaker by walking out of the senate. >> well, i guess it's how does it serve the republican party. these think tanks are supposed to be idea factories, effectively. can we actually imagine demint crafting a piece of viable legislation that has to deal with immigration reform or energy reform or any kind of reform period, ari? >> no. clearly not from his record. and i don't think he would claim otherwise. he is all about setting down standards, holding the line. not working towards losings. not trying to make government work. i mean what you can say about him he has been honest about his world view. it is a world view where we spend more time worrying billionaires and everyone else, and where government failure is sold as a success. that is literally the idea. and so they're going to go out now and try to do
he is on the election side. so he is going to make sure that impure republicans are not getting through primaries, which are going to keep pushing them that much further to the right. i don't think he got any weaker by walking out of the senate. >> well, i guess it's how does it serve the republican party. these think tanks are supposed to be idea factories, effectively. can we actually imagine demint crafting a piece of viable legislation that has to deal with immigration reform or...
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isn't that what we elected you to do? >> is this not a bailout mentality, which we have in america today? after all, we always go back to the wall street bailout. bailing out the rich guys, why can't you bail us out now? we are in dire straits. megyn: that is a compelling argument. but the wall street fat cats that took huge risks that they knew they couldn't sustain -- they got the bailout. >> that bailout was paid back with the proper to the central government. megyn: maybe detroit says they will pay it back. but this is part of the moral hazard. the hazard of the bank bailout. it was not just that rewarded with a risky behavior. but they would take it again. but it sends a message across the board, which is the feds ought to be there to support you if things go wrong. i don't know detroit, whether it is due to bad decision-making. maybe it is just that people move and migrate and so on. is it someone else's responsibility or the responsibility of folks are their? >> the responsibility of folks out of there. this is a b
isn't that what we elected you to do? >> is this not a bailout mentality, which we have in america today? after all, we always go back to the wall street bailout. bailing out the rich guys, why can't you bail us out now? we are in dire straits. megyn: that is a compelling argument. but the wall street fat cats that took huge risks that they knew they couldn't sustain -- they got the bailout. >> that bailout was paid back with the proper to the central government. megyn: maybe...
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i mean, you play their clips before the election and after the election. and, as folks say, elections have consequences. and one of the consequences is, and the republican party recognizes, is that they need to support comprehensive immigration reform. now, hopefully, they can work that out. >> one of the things that i think you brought home during the democratic convention is the personal investment that many latino scitizens have and those that want to be in trying to attain the american dream. this is not something anti-american. this is pro-american by people that are citizens here. and want to see their families get what americans have promised the world. yeah, you know, so many times during these last couple of years for this immigration dewad debate has been raging. i've listened to americans talk about imgrants, in particular, latinos as though they're foreign and bring different values to the counsel tri. i represent san antonio. and we have latinos who have been here for generations. been serving in the military. been getting good education, they
i mean, you play their clips before the election and after the election. and, as folks say, elections have consequences. and one of the consequences is, and the republican party recognizes, is that they need to support comprehensive immigration reform. now, hopefully, they can work that out. >> one of the things that i think you brought home during the democratic convention is the personal investment that many latino scitizens have and those that want to be in trying to attain the...
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in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on america, jim undstands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i think we put south carolina on the map in different ways at different times, and to people back in south carolina, i hope if you get to see jim anytime soon, just say "thank you." because whether you agree with him or not, he was doing wt he thought was best for south carolina and the united states. at the end of the day, that's as good as it gets. because if you're doing what you really believe in and you're not worried about being the most popular and people getting mad ought, then
in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on america, jim undstands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector....
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that's why you were elected. part two is first of all, you have the debt ceiling coming up. they have a lot of power. they should never surrender their constitutional authority to the president. why don't they just pass their bill? give it to the president. extend all the bush tax cuts. would that be a good idea, or do you have a better idea? >> no. i think they should. i think the president will play because everybody now including, as you said, boehner himself is talking about the rich in sort of obama terms. obama will come back and say no, we're going to eliminate the tax cuts for the rich. we're just going to give them to the middle class, and that's where they're ahead in public opinion, but i think they're not going to have i any choice. republicans have to stick together. they have to resist the pressure of the white house, and if obama wants to take them over a cliff and wants to inherit a new recession which will destroy his second term, i think they ought to say if that's what you want, mr. president, we'll just do it. >> well said as always. charles krauthammer,
that's why you were elected. part two is first of all, you have the debt ceiling coming up. they have a lot of power. they should never surrender their constitutional authority to the president. why don't they just pass their bill? give it to the president. extend all the bush tax cuts. would that be a good idea, or do you have a better idea? >> no. i think they should. i think the president will play because everybody now including, as you said, boehner himself is talking about the rich...
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when a party loses an election, the knives come out. right now we're watching the night of the long knives on the right. these stories breaking tonight. right wing senator jim demint, the man behind too many failed right wing senate challengers, christine "i'm not a witch" o'donnell, richard mourdock announced today he's quitting the senate to run the hard right heritage foundation. meanwhile, in the republican house a purge is under way with speaker boehner dumping uncontrollable right wingers from prize committee assignments. they're out because they're too right. so what is too right for the republicans following the defeat this week or their defeat last month? is voting nay in the senate against a handicap rights treaty because it carries the nightmare dread of blue helmets riding black helicopters sweeping into your home school room. is that okay? what's out? what's in in the republican party that just took a licking? bob shrum is a democratic strategist and columnist at the daily beast, and john brabender ran rick santorum's presi
when a party loses an election, the knives come out. right now we're watching the night of the long knives on the right. these stories breaking tonight. right wing senator jim demint, the man behind too many failed right wing senate challengers, christine "i'm not a witch" o'donnell, richard mourdock announced today he's quitting the senate to run the hard right heritage foundation. meanwhile, in the republican house a purge is under way with speaker boehner dumping uncontrollable...
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he wasn't happy with the 2012 elections. do you think conservatism just didn't make the case in the elections last november? >> we always have to do a better job at how we speak about liberty, the constitution and how inclusive it is and how it offers things to people who have not yet experienced the fruits of liberty. so i think we can always do a better job. what i will say about jim demint is he has started and brought some liberty-minded libertarian/conservatives to the senate. we have a pretty good caucus now. there's a real strong jim demint influence in our caucus. >> great stuff. senator rand paul, kentucky, thank you sir. all the best. >> thank you. >>> so besides praising jim demint, senator rand paul said something very interesting. he said he will not vote for a filibuster. he said, let larry reid, no filibust filibuster, 51 vote, simple majority and then he will vote no and let the democrats have the onus of the big tax hike. quite interesting. now here's a political threat. is the republicans at risk of becomin
he wasn't happy with the 2012 elections. do you think conservatism just didn't make the case in the elections last november? >> we always have to do a better job at how we speak about liberty, the constitution and how inclusive it is and how it offers things to people who have not yet experienced the fruits of liberty. so i think we can always do a better job. what i will say about jim demint is he has started and brought some liberty-minded libertarian/conservatives to the senate. we...
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the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new 60-40 portfolio should look. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... onyour head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. . . . .. david: come january 1st, no matter which tax plan is put in place the federal government will still spend trillions of dollars each year. lauren: we talked taxes. now let's former cbo director says these cuts fail to control the greatest deficit challenge, federal health care spe
the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new...
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the one-on-one meeting was the first between the two leaders since election day. a member of the dallas cowboys is out on bond, after being charged in a crash deadly crash that killed a teammate over the weekend. defensive lineman josh brent was released on half a million dollars bond yesterday. authorities say he was speeding on saturday, when he hit a curb. the vehicle then flipped over and caught fire. cowboys linebacker jerry brown was killed. brent is charged with intoxication manslaughter. brent and brown formed a lasting friendship when they played together at the university of illinois. back in 2-thousand-9, brent also served a 60 day sentence for a d-u-i in champaign. investigators are looking into the cause of a plane crash that killed a mexican-american singer in northern mexico. jenni rivera and at least four- others were killed when their jet crased into a mountainous area, just minutes after take- off yesterday morning. rivera was known for singing traditional mexican ballads. she was also a judge on a reality-singing show in in mexico. rivera's make
the one-on-one meeting was the first between the two leaders since election day. a member of the dallas cowboys is out on bond, after being charged in a crash deadly crash that killed a teammate over the weekend. defensive lineman josh brent was released on half a million dollars bond yesterday. authorities say he was speeding on saturday, when he hit a curb. the vehicle then flipped over and caught fire. cowboys linebacker jerry brown was killed. brent is charged with intoxication...
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that's what elections are. collective bargaining. >> house democratic leader nancy pelosi pointed out jim demint was one of the ringleaders in voting down the u.n. treaty for people with disabilities this week. >> that was one of the saddest days, so anyone who was a party to that, well, i wish them well wherever they are going and hope that we can have more of our values represented there. >> it was demint and his tea party allies who pushed the country to the brink of default back in 2011. this is what demint told abc news about republicans who tried to strike a debt deal. >> what happens if -- what happens to republicans who go along with a debt ceiling increase? if they go along with the debt ceiling increase without a balanced budget amendment and the kind of stuff you're talking about? >> i think for the most part they're gone. it would be the most toxic vote we could take. >> demint's far right ideology is a key reason nothing gets done in this congress. house speaker john boehner is currently being pres
that's what elections are. collective bargaining. >> house democratic leader nancy pelosi pointed out jim demint was one of the ringleaders in voting down the u.n. treaty for people with disabilities this week. >> that was one of the saddest days, so anyone who was a party to that, well, i wish them well wherever they are going and hope that we can have more of our values represented there. >> it was demint and his tea party allies who pushed the country to the brink of...
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you're elected but you don't have this type of mandate. heather: thank you so much for your insight. we appreciate it. we'll keep our eyes on egypt. jon. jon: also nearby the bloody civil war in syria intensifies as the fighting moves closer to syria's capital damascus. the latest on the war there coming up. and growing speculation over who will replace outgoing south carolina republican senator jim demint. coming up, more on the potential candidates and how the replacement will be chosen. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement in
you're elected but you don't have this type of mandate. heather: thank you so much for your insight. we appreciate it. we'll keep our eyes on egypt. jon. jon: also nearby the bloody civil war in syria intensifies as the fighting moves closer to syria's capital damascus. the latest on the war there coming up. and growing speculation over who will replace outgoing south carolina republican senator jim demint. coming up, more on the potential candidates and how the replacement will be chosen. hmm,...
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we just experienced a $2 billion election, the most expensive presidential election ever. the president spent about $1.12 billion, the romney team about $1.02 billion. this from new fec filings just south. this does not include donations from mega donors like sheldon adleson and his wife together they spent about $90 million. outrage in michigan today as republicans have pushed through right to work legislation that says that union membership and dues cannot be a condition of employment. democrats say republicans are using the lame duck session to jam through laws without giving the public a chance to weigh in. they are less likely to have pensions and health benefits than i i i i i i i i i i i i i i i i i i i i i i i i i i i you know who's coming on to me now? you know the kind of guys who do like verse mortgage commercials? those types are coming on to me all the time now. >> she gets the comedians laughing... >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> you would rather deal w
we just experienced a $2 billion election, the most expensive presidential election ever. the president spent about $1.12 billion, the romney team about $1.02 billion. this from new fec filings just south. this does not include donations from mega donors like sheldon adleson and his wife together they spent about $90 million. outrage in michigan today as republicans have pushed through right to work legislation that says that union membership and dues cannot be a condition of employment....
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>> i mean you,ed have had all of the advisers at post election conference saying it wasn't. michele bachmann put a ton of time, resources and that didn't turn into anything, as you well know. the governor has said it's irrelevant we should move beyond it. when you have governor of the party saying we should move beyond it and the top consultants on the last campaign saying, yeah it doesn't matter, you know, i think it's probably losing its significance. >> michele bachmann won the ames straw poll and finished sixth, sixth in the iowa caucuses. the other one i thought was right on, saving money to advertise in october is a good idea. turns out not, why? >> this, i think, could have the most lasting impact going forward that will be interesting to see in 2016. as you well know, the obama campaign made an early decision to define mitt romney in may and june, coming out of the primary. went right into the states, sort of framing him as a plutocrat who didn't care about the middle class, mitt romney campaign reserved time for the fall, put $20 million into the fall but he was alr
>> i mean you,ed have had all of the advisers at post election conference saying it wasn't. michele bachmann put a ton of time, resources and that didn't turn into anything, as you well know. the governor has said it's irrelevant we should move beyond it. when you have governor of the party saying we should move beyond it and the top consultants on the last campaign saying, yeah it doesn't matter, you know, i think it's probably losing its significance. >> michele bachmann won the...
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a few days before the election he said vote for, quote, revenge. one of his top white house advisors, valerie jarrett, also used the word revenge after the election. this is the left. this is how they think. van jones was quoted as saying, and this is a self avowed communist, by the way, sean, talking about overthrowing the free market system in america and more broadly i in the west, and he said, and i quote. we're going to change the whole system. we need a new system. >> let me show another cut from the same speech where he refers to conservatives and republicans as treasonnists. >> the republican party votes against help for veterans. let the bodies fil pile up on te beach. we don't care how much they suffered. they'll vote against this president. let the bodies pile up on the beach. you were faced with the prospect of that kind of treachery and we beat them. >> let the bodies pile up on the beach. all lies, but this propaganda of the left continues. why? >> you have to give it to van jones because at least he's honest. at least he is giving vo
a few days before the election he said vote for, quote, revenge. one of his top white house advisors, valerie jarrett, also used the word revenge after the election. this is the left. this is how they think. van jones was quoted as saying, and this is a self avowed communist, by the way, sean, talking about overthrowing the free market system in america and more broadly i in the west, and he said, and i quote. we're going to change the whole system. we need a new system. >> let me show...
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after the election. wrong. [ buzzer ] >> stephanie: wrong. >> the bathroom scale revises my numbers upward every time i step on it. >> stephanie: it's a conspiracy exactly. oh, by the way, i understand the other thing that is working, jim, obamacare. [ bell chimes ] [ applause ] >> stephanie: chris, i think almost primarily just from my show jacki schechner clearly is leaking brain fluid. >> or snot. >> stephanie: she is like you. she is highly suggestionable jim. remember the morning that you had the ectopic pregnancy. >> it turned out to be gas. >> stephanie: jacki schechner called me this morn and she was like [ mumbling ] >> stephanie: okay. i thought it was my friend lily tomlin doing edith ann. all right, kids -- why are you looking so distressed this morning, have i made you sick as well? >> no, no. i'm just trying to put out a fire over here. >> stephanie: oh, okay. and what did he learn about t-bone yesterday? >> he has the esophagus of a cat, and the longest esophagus in the world. >> stephanie
after the election. wrong. [ buzzer ] >> stephanie: wrong. >> the bathroom scale revises my numbers upward every time i step on it. >> stephanie: it's a conspiracy exactly. oh, by the way, i understand the other thing that is working, jim, obamacare. [ bell chimes ] [ applause ] >> stephanie: chris, i think almost primarily just from my show jacki schechner clearly is leaking brain fluid. >> or snot. >> stephanie: she is like you. she is highly suggestionable...
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washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for pot smokers here in washington state, it is a day for celebration and partying. the legalization of pot. but proponents of this initiative say this is only the first step. this is what you assume the stores will look like? >> yeah. our stores are going to have the feel of a fine cigar shop. >> reporter: jaman was at microsoft and preparing to open as many as two dozen high end marijuana shops in washington and colorado. yesterday he'd be called a drug dealer. today, an entrepreneur. >> our target market is baby boomers. folks tried it in college a couple times, maybe they didn't
washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for...
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and using the word revenge after the election. this is the left this, is how they thing. van jones quoted as saying talking about overthrowing the free market system in america and broadly in the west. he said, and i quote we're going to change the whole system. we need a new system. what do you think he means by that? >> let me show another cut from the same speech. >> the president puts forward help for veterans. the republican party votes against help for veterans. we don't care how much these kids suffer overseas. when they come home, let them suffer. we'll vote against them. let the bodies pile up on the beach. and you will face with the prospect of that kind of treachery. treason prevailing in america. >> treason and let the bodies pile up on the beach, all lies with this propaganda of the left continues. >> you have to give to it van jones because at least he's honest. and i would say normal americans who left their country. he's being honest. and most leftists won't be that honest. they think that way but won't be that honest. look. this is how the left thinks thc
and using the word revenge after the election. this is the left this, is how they thing. van jones quoted as saying talking about overthrowing the free market system in america and broadly in the west. he said, and i quote we're going to change the whole system. we need a new system. what do you think he means by that? >> let me show another cut from the same speech. >> the president puts forward help for veterans. the republican party votes against help for veterans. we don't care...
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the midterm election. hopefully this is the beginning of a good productive legislation's been iq made headlines to say go-ahead extend the tax cuts and later fight to extend for wealthier americans. does that change your position? >> what is the right thing to do but the two sides agreed they don't to raise taxes on 98% we should agree to take them out of the line of fire. awac surely come to our side but if they are worried politicians that they don't have confidence that is what they will focus on and this is a democratic point* of leverage. so let's take it off the table. and it is not contradiction it is sensible i hope you will do it. >>host: how many people agree? >> i have no idea. the whole idea came before thanksgiving to have the deputy whip meeting with my friend mccarthy to solicit opinions. then we have a larger discussion with the entire team and you guys are pretty smart it was leaked then is a sensation with a tactical question and the right thing to do. >>host: have you spoken with speaker
the midterm election. hopefully this is the beginning of a good productive legislation's been iq made headlines to say go-ahead extend the tax cuts and later fight to extend for wealthier americans. does that change your position? >> what is the right thing to do but the two sides agreed they don't to raise taxes on 98% we should agree to take them out of the line of fire. awac surely come to our side but if they are worried politicians that they don't have confidence that is what they...
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just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. a lot of money. that means the fund's capital reserve ratio, as i understand it, now stands at a negative 1.44%. this news is obviously very disturbing to us and to the secretary. for those of us who have long been concerned about the health of the f.h.a. for years the problems of the federal housing administration have been well-known. during the housing boom, the f.h.a. unweissly, i thought, guaranteed -- unwisely, i thought, guaranteed millions of risky mortgages with low down payments to borrowers with poor credit scores. we are reaping that now. these mortgages have resulted in billions of losses to the f.h.a. the federal housing administration has made matters worse, i think, by failing to come to grips with the magnitude, mr. secretary, of the problems. back in 2007, as the federal housing administration's poor financial position was becoming clear to
just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. a lot of money. that means the fund's capital reserve ratio, as i understand it, now stands at a negative 1.44%. this news is obviously very disturbing to us and to the secretary. for those of us who have long been concerned about the health of the f.h.a. for years the problems of the federal housing...
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the muslim brotherhood got elected not because they were islamists, they got elected because they did the social work that mubarak didn't do. they gave scholarships. they afford health care. they actually took care of people, gave them loans, and many other things. all that charity that they did wasranslated and transferred into voting. but when you go to, you know, the parliament and you become president, and also the majority of the parliament, and you tell people i want 20 impose on you islam, here the people will tell you no. and i think one of the most important and beautiful things about this revolution, the people didn't stop believing in the revolution and in the principles of democracy, dignity and a better live. >> rula jebreal, we're going to have to leave it there. >> thank you. >> i will i do hope you will come back. i appreciate you. >>> nelson mandela is in the hospital this saturday afternoon. more on his condition straight ahead. >>> first, though, republicans say don't you dare. democrats propose doing away with the debt ceiling all together. we're going to talk to o
the muslim brotherhood got elected not because they were islamists, they got elected because they did the social work that mubarak didn't do. they gave scholarships. they afford health care. they actually took care of people, gave them loans, and many other things. all that charity that they did wasranslated and transferred into voting. but when you go to, you know, the parliament and you become president, and also the majority of the parliament, and you tell people i want 20 impose on you...
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i was just elected. the only thing i'm honoring is the oath i take when i serve in january. >> they pledge 20 years ago, 18 years ago for that congress. if i were in congress in 1941, i would have signed a declaration of war against japan. i'm not going attack japan today. >> that's a good one. opposition to increasing taxes, the question you have to ask is why now? the most obvious reason has to do with the election results. tax rates for the wealthiest filers was debated. the raise the taxes side won. the cut taxes for wealthy people lost. in case you don't believe the votes cast, look at the polling. the deeper reason we are seeing a shift on the politics of taxes is that the actual facts of the matter change. when the great tax revolt started, americans were paying a lot of taxes. they challenged it into prop 13 in california and required a two-thirds majority to impose new taxes. years later, reagan won office promising to cut taxes especially for those at the top. now, 30 years later, americans are
i was just elected. the only thing i'm honoring is the oath i take when i serve in january. >> they pledge 20 years ago, 18 years ago for that congress. if i were in congress in 1941, i would have signed a declaration of war against japan. i'm not going attack japan today. >> that's a good one. opposition to increasing taxes, the question you have to ask is why now? the most obvious reason has to do with the election results. tax rates for the wealthiest filers was debated. the...
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. >>> now over to japan, where election timing may spell budget delays. we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before submitting its fiscal 2013 plan in february. so a senior lawmaker predicts that the fiscal 2013 budget will not actually pass until mid may. that's more than a month into the new fiscal year. and if the government can't get the job done by the end of march, a provisional budget will be needed. opinion polls show the gap between the ldp and the ruling democratic party has been narrowing. that means if the ldp can't get their majority, these bills could be delayed even more. back to you, ross. >> all right, thanks for that. that's the late fres the nikkei. still to come, the business
. >>> now over to japan, where election timing may spell budget delays. we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before...
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you looked at the hostage crisis it was resolved when the ron reagan was elected. you read the biographies of the hostage-takers, they act like a cowboy. their release the hostages the moment he was sworn in. it's not that well-known, but the soviets were taken hostage at their embassy at the same time. the soviets threatened to bomb tehran. their hostages were let go. it's also important to note that the iran-iraq board came to an end when the u.s. mistakenly shot down an iranian civil airline. the iranians thought, well, the u.s. is going to get into this war no-holds-barred and the ayatollah made a speech. during the poisoned chalice. the cards were such that he had to simply take the best deal he could. that recommending they bond in iranian airline. on to say their is a lesson there. they backed down in the face of a credible threat of force. at the same time, if you were the iranians your thinking to yourself, well, what can i learn from the example of india and pakistan? they detonated a nuclear bombs. sanctions imposed on them for a while. a few years later
you looked at the hostage crisis it was resolved when the ron reagan was elected. you read the biographies of the hostage-takers, they act like a cowboy. their release the hostages the moment he was sworn in. it's not that well-known, but the soviets were taken hostage at their embassy at the same time. the soviets threatened to bomb tehran. their hostages were let go. it's also important to note that the iran-iraq board came to an end when the u.s. mistakenly shot down an iranian civil...
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the people who lost this election are holding out for the top 2% and the people who won this election are fighting for the 98%. that is a vast majority of americans including small businesses. i think that a fairer tax rate could only benefit them. >> this is interesting. you put up a survey on your website asking if your constituents two questions. one, do you want to extend the tax rates for 98% of americans and 97% of businesses and raise rates for those making over $250,000. what have people been responding to you through the website? >> oh, the vast majority want a fairer tax rate as to what we had in the clinton tax years. we know that was a time of prosperity. we need to return to that. that is what the polls say. 65% of the american people support president obama's policy on this fiscal issue. >> congresswoman, as we look at the data that has come in and more specific data, since the election and breaking it down by demographic and ethnicity, i want to get your perspective as chair of the caucus because new census data found that for the first time there were more asian immigr
the people who lost this election are holding out for the top 2% and the people who won this election are fighting for the 98%. that is a vast majority of americans including small businesses. i think that a fairer tax rate could only benefit them. >> this is interesting. you put up a survey on your website asking if your constituents two questions. one, do you want to extend the tax rates for 98% of americans and 97% of businesses and raise rates for those making over $250,000. what have...
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and he is getting a lot of backup from people who stood in long lines on election day to elect him. he's well aware of that. but i think that's where his heart is, too. this is not something new. this is something that he campaigned on. and he won on. if you look at the polling numbers, this is what the american people voted for. they said that the upper earners should be paying more. >> i'm curious, though, from the president's perspective, how important is a deal now whether it's just a deal or the deal that he wants in terms of his second term, his overall political power if you will? how does that play out? >> knowing the president as i do, i think it is very important to him that he gets a deal. but i also know that he believes that no deal is better than a bad deal. he also knows that if we go into 2013 and having to deal with this, we have even a better situation because of course the senate has more democrats there. and then we're dealing from a whole different perspective. but i believe very strongly, and i think all of us want a deal. keep in mind, there are some things we
and he is getting a lot of backup from people who stood in long lines on election day to elect him. he's well aware of that. but i think that's where his heart is, too. this is not something new. this is something that he campaigned on. and he won on. if you look at the polling numbers, this is what the american people voted for. they said that the upper earners should be paying more. >> i'm curious, though, from the president's perspective, how important is a deal now whether it's just a...
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you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not belittling the difficulty. these are tough, tough issues. but the stakes are really, really important right now. there is a little wiggle room. >> yeah. >> as far as the president and the democrats are concerned when it comes to raising tax rates for the wealthy. >> sure. the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot tak
you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not...
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following the election. that year following president bush's re-election, 23 judicial nominations that were pending either on the senate executive calendar or on the judiciary committee were returned to the president when the congress adjourned in december. today's vote, the second post-election judicial confirmation, is somewhat of a milestone for president obama. it is the 100th judicial confirmation during this congress. that happens to be the same number of confirmations during president bush's first term when the democrats controlled the senate and shared the judiciary committee. i have heard the chairman rightfully take pride in that accomplishment. today we match that record, so i think that the continued complaints we hear about how unfairly this president has been treated are, in fact, unfounded. despite our cooperations, we continue to hear the other side argue that since the president won re-election, we shouldn't follow past practices, but rather we should confirm a large number of nominations du
following the election. that year following president bush's re-election, 23 judicial nominations that were pending either on the senate executive calendar or on the judiciary committee were returned to the president when the congress adjourned in december. today's vote, the second post-election judicial confirmation, is somewhat of a milestone for president obama. it is the 100th judicial confirmation during this congress. that happens to be the same number of confirmations during president...
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if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> welcome back. 16 minutes past the hour. no one can be sure if the white house and congress will steer the country away from that so called fiscal cliff, which now is just 24 days away. but it's probably a good idea for you and your family to be prepared just in case. earlier, i spoke with stephanie rule of bloomberg tv about what could happen if the deal is not reached. >> people talk about the cliff like it's this major event, which it is. but almost like a y2k. from a paycheck perspective, you will see less money in your paycheck if we do fall off
if our elected leaders don't do something about that looming fiscal cliff. and that is just the beginning. big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn...
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when you invest all your options into an election and you are convinced you are going to win that election and that is based on your view of social policy and you lose to a guy that many feel has not earned the trust and re-election of the american people because he made many promises that he didn't come close to meeting the obligations of. but still the american people voted him back in power. it is okay to listen to people. you do not want the republican party to be prevalent. you need to hold the democrats accountable. boehner is showing tough leadership. new ways to compromise and to work with this president. host: so the freedom works. there was a statement about running people against republicans in the house who may compromise. grover norquist has been outspoken. is the right anger with the gop leadership fair? guest: we see that in both parties. sometimes we cannot understand all the pieces to see what is at stake. what boehner is showing is wisdom. he is thing about the party and the country of the future. do you think the speaker of the house would do something to destroy his bas
when you invest all your options into an election and you are convinced you are going to win that election and that is based on your view of social policy and you lose to a guy that many feel has not earned the trust and re-election of the american people because he made many promises that he didn't come close to meeting the obligations of. but still the american people voted him back in power. it is okay to listen to people. you do not want the republican party to be prevalent. you need to...
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we just had an election. raising taxes on the wealthy, as he calls people who make over $200,000 a year. he won the election. they have a mandate. >> the republicans have a lot of leverage. the president wants to have a successful second term. if he allows us to fall off the fiscal cliff that we could fall into a very deep recession. >> if he allows us to fall over the fiscal cliff, and i think they are making that point. >> i believe grover norquist. they should get the media cameras in their. stuart: let's get more on this. we have a special guest joining us. he should have been on varney & company many times. >> i hope this is the first of many appearances. great to be with you this morning. i am kind of in a foul mood this morning. i am going to say something. the three of you are going -- if the republicans just gave the president what he wants on these taxes, low, in the end, the taxes are going up. we still have a trillion dollar deficit. this does not solve anything. at best, even if they raise the mo
we just had an election. raising taxes on the wealthy, as he calls people who make over $200,000 a year. he won the election. they have a mandate. >> the republicans have a lot of leverage. the president wants to have a successful second term. if he allows us to fall off the fiscal cliff that we could fall into a very deep recession. >> if he allows us to fall over the fiscal cliff, and i think they are making that point. >> i believe grover norquist. they should get the media...
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they think they stole the 2012 election. >> joe? >> let's look at the front page of the "washington post." it talks about how turkey is going to get nato missiles. i remember when your book came out last year and we did some events with you, you kept talking about the key position, it turkey would play in the world. we're seeing it now especially in syria. but now becoming more powerful force than nato. this is happening. you foresaw it. why is it happening? >> it's happening because the situation is such that we realize we need turkey and it is the point of departure for any effective, constructive or destructive solution. it's as basic as that. but we have to be aware of the fact we can't let turkey out on a limb by itself. extremely successful but vulnerable from the inside. and i can see enemies of turkey ganging up on turkey, stimulating the kurd ishii you, for example, which could be explosive and damaging to turkey's long-range future. >> and you also have a much more complicated relationship between turkey and israel now. >>
they think they stole the 2012 election. >> joe? >> let's look at the front page of the "washington post." it talks about how turkey is going to get nato missiles. i remember when your book came out last year and we did some events with you, you kept talking about the key position, it turkey would play in the world. we're seeing it now especially in syria. but now becoming more powerful force than nato. this is happening. you foresaw it. why is it happening? >> it's...
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she noted that the 2012 election had just ended. she didn't rule out the possibility of a senate run in the future. let's see if she's interested. >> that's absolutely right. >>> "erin burnett outfront" starts at the top of the hour. erin, we hear you've arranged quite the debate over whether republicans should compromise on taxes. give us a preview. >> we are going to have both sides of that. grover norquist, of course, already our guest. he's going to say, we shouldn't have tax increases in this country no matter what, no matter how, no way. then we'll have republican tom cole on, who broke ranks with the republican party, who says, let's extend the bush tax cuts for people making under $250,000 a year and do the rest of it later. something sort of like what the president had put forth. so both of those sides tonight. and then we'll talk about the movie "zero dark 30," already getting oscar buzz, about the raid and capture of osama bin laden. there was all of this concern about whether there was classified information that was lin
she noted that the 2012 election had just ended. she didn't rule out the possibility of a senate run in the future. let's see if she's interested. >> that's absolutely right. >>> "erin burnett outfront" starts at the top of the hour. erin, we hear you've arranged quite the debate over whether republicans should compromise on taxes. give us a preview. >> we are going to have both sides of that. grover norquist, of course, already our guest. he's going to say, we...
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with sweep the election and gain control of the entire legislative branch of government in one election. here we see how the senate was specifically designed to prevent the tyranny of the majority. in federalist papers 66, madison, the father of the constitution, continues his explanation of the unique role of the senate, the unique role of the senate. quote -- "there are particular moments in public affairs when the people, stimulated by some irregular passion or some illicit advantage or misled by the miss representation of interest in men may call for measures which they themselves will afterwards be the most ready to lament and condemn. in these critical moments, house salutary will be the interfere ebbs of some temperate and respected body of citizens in order to check the misguided career and to suspend the blows meditated by the people against themselves until reason, justice and truth can regain their authority over the public mind." end of quote. now, i want you to contrast these quotes from madison and his role as the father of our constitution, says the constitution is intend
with sweep the election and gain control of the entire legislative branch of government in one election. here we see how the senate was specifically designed to prevent the tyranny of the majority. in federalist papers 66, madison, the father of the constitution, continues his explanation of the unique role of the senate, the unique role of the senate. quote -- "there are particular moments in public affairs when the people, stimulated by some irregular passion or some illicit advantage or...
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the president could not be more clear 3 the election. elections data. we -- the president could not have been more clear during the election. we picked up seats. we are willing to do spending cuts. how we do that should be discussed. we need some of the revenues. there is no laugh that at up that gets us to dealing with the deficit and potentially paying down the debt and putting ourselves on a sustainable path going forward. we should do all those things and we should face them. we have been challenges going forward. it is a difference of opinion between republicans and democrats about how we get there. >> the administration absolutely was willing to let the entire tax cut expire rather than agree to anything that would extend the bush era tax rates. does the house have a position -- to the house democrats have a position on that? is that a uniform position? >> we are with the president on where we stand on this. we think the revenue from the top 2% is a marginal rates. every american is going to get a tax break on the first $250,000 of their income. t
the president could not be more clear 3 the election. elections data. we -- the president could not have been more clear during the election. we picked up seats. we are willing to do spending cuts. how we do that should be discussed. we need some of the revenues. there is no laugh that at up that gets us to dealing with the deficit and potentially paying down the debt and putting ourselves on a sustainable path going forward. we should do all those things and we should face them. we have been...